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Random Observations on Pork Market
In the latest insights from the pork market, Jim Long reports that U.S. cash isoweans have hit a prolonged low, with prices standing at just $12 per head delivered for the past 20 weeks. This extended period of low prices has caused concern, as the breakeven point sits at approximately $40. However, Long predicts that by December, factors such as lower feed costs, reduced pig numbers, and rising lean hog futures will likely lead to isoweans reaching $60 or more.
